Zuleika Gold gains most in nearly 6 weeks on Goongarrie mine earn-in deal

Zuleika Gold

10/10/2022 05:04

** Shares of Australian gold miner Zuleika Gold Ltd  ZAG.AX 
climb as much as 5.6% to A$0.019, on track for their biggest
intra-day pct gain since Aug. 30 
    ** ZAG says it has secured the rights to earn up to an 80%
stake in a tenement considered a prospective source of lithium
minerals at the Goongarrie project in Australia  urn:newsml:reuters.com:*:nASX9z99RS
    ** Says the earn-in agreement signed with peer Olympio
Metals Ltd  OLY.AX  requires ZAG to spend up to A$400,000 in the
next three and a half years  
    ** Shares hit their highest since Sept. 30 
    ** Stock down 5.3% this year, as of last close, as compared
with a 9.2% decrease in the benchmark S&P/ASX 200 index  .AXJO  
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))